Can I retire at age 66 with 784,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$64,742$64,165$63,603$63,053$62,517$61,993
2 years$32,050$31,454$30,875$30,314$29,770$29,242
3 years$21,155$20,555$19,978$19,423$18,887$18,372
4 years$15,708$15,110$14,539$13,993$13,471$12,971
5 years$12,441$11,847$11,283$10,748$10,240$9,758
6 years$10,263$9,674$9,118$8,595$8,103$7,639
7 years$8,709$8,124$7,577$7,067$6,590$6,145
8 years$7,543$6,964$6,426$5,928$5,467$5,040
9 years$6,637$6,063$5,535$5,049$4,604$4,196
10 years$5,913$5,344$4,825$4,353$3,923$3,533
11 years$5,320$4,758$4,248$3,788$3,374$3,001
12 years$4,827$4,270$3,770$3,323$2,924$2,569
13 years$4,410$3,859$3,368$2,933$2,549$2,212
14 years$4,053$3,508$3,027$2,604$2,235$1,914
15 years$3,744$3,204$2,733$2,322$1,968$1,663
16 years$3,473$2,940$2,477$2,079$1,739$1,450
17 years$3,235$2,708$2,254$1,868$1,542$1,268
18 years$3,024$2,502$2,058$1,684$1,371$1,112
19 years$2,835$2,319$1,884$1,521$1,222$977
20 years$2,665$2,155$1,729$1,378$1,092$860
21 years$2,511$2,007$1,590$1,250$977$759
22 years$2,372$1,874$1,466$1,137$876$670
23 years$2,244$1,752$1,353$1,035$786$593
24 years$2,128$1,642$1,252$944$706$525
25 years$2,021$1,541$1,159$862$636$465
26 years$1,923$1,448$1,075$789$573$412
27 years$1,832$1,363$998$722$516$366
28 years$1,747$1,284$928$661$466$325
29 years$1,669$1,211$864$606$421$289
30 years$1,596$1,144$805$557$380$257
31 years$1,528$1,082$750$511$344$229
32 years$1,464$1,023$700$470$311$203
33 years$1,404$969$653$432$281$181
34 years$1,348$919$610$397$255$161
35 years$1,295$871$571$366$231$144
36 years$1,245$827$534$337$209$128
37 years$1,198$785$500$311$189$114
38 years$1,154$746$468$286$172$102
39 years$1,112$710$438$264$156$91
40 years$1,072$675$411$243$141$81
41 years$1,034$643$385$225$128$72
42 years$998$612$361$207$116$64
43 years$964$583$339$191$106$57
44 years$932$556$318$177$96$51
45 years$901$530$299$163$87$46
46 years$871$506$281$151$79$41
47 years$843$483$264$139$72$36
48 years$816$461$248$129$65$32
49 years$790$440$233$119$59$29
50 years$765$420$219$110$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $784,000, adding $6,291 every year, while hoping to spend $54,279 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 33/39/28 Blend
65$784,000$784,000$784,000$784,000
66$870,457$828,905$816,753$891,613
67$901,491$811,769$786,362$891,086
68$933,872$791,974$753,133$885,261
69$967,679$769,333$716,915$877,928
70$1,002,998$743,646$677,548$868,992
71$1,039,924$714,705$634,866$858,352
72$1,078,556$682,285$588,694$845,905
73$1,119,004$646,153$538,851$831,541
74$1,161,387$606,059$485,147$815,146
75$1,205,833$561,740$427,384$796,603
76$1,252,481$512,918$365,354$775,788
77$1,301,482$459,299$298,841$752,574
78$1,353,000$400,572$227,619$726,827
79$1,407,214$336,408$151,453$698,411
80$1,464,319$266,461$70,095$667,182
81$1,524,526$190,364$0$632,994
82$1,588,065$107,730$0$600,693
83$1,655,189$18,149$0$587,796
84$1,726,172$0$0$573,265
85$1,801,312$0$0$590,840
86$1,880,937$0$0$617,773
87$1,965,405$0$0$646,404
88$2,055,106$0$0$676,872
89$2,150,467$0$0$709,331
90$2,251,956$0$0$743,948
91$2,360,084$0$0$780,907
92$2,475,411$0$0$820,410
93$2,598,552$0$0$862,678
94$2,730,179$0$0$907,953
95$2,871,028$0$0$956,499
96$3,021,909$0$0$1,008,610
97$3,183,708$0$0$1,064,604
98$3,357,398$0$0$1,124,833
99$3,544,046$0$0$1,189,682
100$3,744,824$0$0$1,259,574